Open Text Corp : Open Text Corp - expects to fund balance of purchase price and pay related fees and expenses with net proceeds from debt financing and cash on hand . Open Text Corp - has launched an underwritten public offering of u.s. $500 million of common shares . Barclays, Citigroup and RBC Capital Markets are acting as joint book-running managers for offering . Open Text - intends to use net proceeds from offering to finance a portion of purchase price for acquisition of Dell EMC's enterprise content division .Open Text announces proposed public offering of common shares.
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Open Text Corp : OpenText signs definitive agreement to acquire customer communications management and other assets of HP Inc . Transaction purchase price is approximately USD $315 million . OpenText Corp says deal to be immediately accretive to earnings and on opentext operating model by end of Q1 F17 . Transaction is expected to close in Q1 of FY17 . Solutions being acquired are expected to generate between USD $110 and USD $125 millions of annualized revenues .Co, HP Inc also exploring opportunities to work together in future to expand their software solutions.
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